Senior Pricing Actuary II

Liberty Mutual Insurance • Boston, MA

3d

About The Position

Global Risks Solutions (GRS), Global Actuarial Product is looking for a Casualty Actuarial leader to advance the pricing sophistication and profitability of the line of business. This role will focus on building aligned pricing strategies and models for Casualty business written across the world. By leveraging the support of Business Unit actuaries and the Casualty Product organization, the successful Actuary will drive improved pricing and market sensing that results in profit and appropriate growth throughout GRS. Strong expertise in primary and excess Casualty pricing techniques is desired.

Requirements

• Bachelor`s degree required
• Fellowship in the Casualty Actuarial Society (FCAS) preferred, ACAS required
• Typically 0-2 years post-fellowship
• Minimum of 10 years of progressively more responsible experience (typically 12 or more) in an actuarial role, some of which may include experience as an actuarial candidate taking exams
• Experience should include at least 5 years of P&C reinsurance pricing experience or 7-10 year of P&C large account primary insurance pricing experience
• Requires detailed knowledge of the operations and processes associated with the operational group and the other operational groups that support or depend on it
• Strong analytical skills with solid understanding of all casualty actuarial techniques, standards, and assumptions
• This position requires an experienced and knowledgeable actuarial viewpoint in a wide variety of actuarial subjects, and in company, industry, and regulatory practices
• Knowledge should include data, methodologies, systems and platforms
• Advanced to expert knowledge of specialized software, actuarial and statistical methods, tools, and the existence of programming languages
• Highly proficient, as acquired through experience
• Ability to learn as needed

Nice To Haves

• Insurance designations desirable
• Fellowship in the Casualty Actuarial Society (FCAS) preferred

Responsibilities

• Serve as the Actuarial partner and advisor to the Global Casualty team within the Office of Underwriting and Product Board to develop product strategies
• Influence key strategic decisions related to Casualty such as portfolio design, tolerances, underwriting guidelines and capital allocation
• Bring synthesized competitive intelligence and insights on leading indicators to support market cycle sensing and performance monitoring
• Partner with Business Actuaries to develop strategies around technical price and pricing tools
• Support Product Planning and associated strategic posturing
• Champion Casualty strategies with the relevant Actuarial teams, adjusting to local realities as needed
• Work with Casualty-focused actuarial leads within GRS businesses to translate global pricing strategies into local execution strategies
• Responsible for integrated, GRS-level narrative across Pricing, Reserving, Planning, working with Actuarial teams to gather and synthesize information and insights
• Create and maintain a feedback loop between Business Actuaries, Reserving Actuaries, Office of GRS Underwriting, Product Board and other relevant functions

Benefits

• At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive.
• We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions.
• This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups.
• Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work.
• Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
• We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being.
• To learn more about our benefit offerings please visit: https://LMI.co/Benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level